Crypto internet celebrity Hailey Welch claims FBI and SEC have concluded HAWK coin investigation, confirming no illegal activities

Crypto internet celebrity Hailey Welch revealed in a podcast that the FBI and SEC have closed their investigation into his involvement in the Meme coin HAWK incident, confirming that he has no illegal activities. The token was launched by the OverHere Limited platform on December 4, 2024, and its market value soared to $400 million before plummeting by over 90%, leading to investor class action lawsuits. Welch stated that the FBI had conducted inquiries and reviewed his grandparents' mobile communication records at their home, and the SEC subsequently followed up on the investigation but did not directly interview him. She emphasized that she only charged social media promotion fees and did not participate in token operations, and provided proof of no responsibility. Previously, 12 investors had filed a lawsuit against the project party, accusing them of issuing unregistered securities, and Welch was not listed as a defendant. Welch, 23, admitted to trusting others due to a lack of cryptocurrency knowledge, expressed regret for the loss of fans, and claimed that "if anyone proposes a cryptocurrency project again, they may slap them in the face". After the collapse of HAWK token, related parties such as OverHere Limited were accused of market manipulation, and the case is still under trial. (PANews)